Och Ziff funds return small gains, illustrating the difficulties felt by hedge funds in August

Opalesque Industry Update - Och Ziff reported its estimated August performance on Thursday, showing how difficult the month of August was as the markets stumbled and the S&P 500 dropped just short of 5%. However, the funds’ all managed to make gains with the Och Ziff Europe Master Fund leading the charge with +0.74% returns (3.24% YTD).